In America, the population is rapidly aging as the Baby Boomers approach retirement and think about purchasing properties in warm and sunny locations ranging from Arizona and Florida to the South of Spain. By taking advantage of a rule in the IRS code which allows the purchase of investment real estate using funds from a self directed IRA, investors can secure a retirement property years before they actually retire. Real estate can be purchased with an IRA as long as the property is a true investment which helps grow your retirement fund. You can’t live in an IRA property immediately, but you can rent it out to non-relatives. Once it comes time for you to retire, you take back the property, and you (or any relatives) are free to live in it. There are many advantages to purchasing a property with IRA funds before retirement. By purchasing now, you’re securing the property at today’s prices, while allowing for a significant appreciation return on your investment. Generally, these properties appreciate at better rates than regular properties. Visit BroadFinancial.com today to find out more about how you can benefit from real estate IRA.
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